There are three options:
Your plan is still available but there’s a fine.
Your provider is informing you that your health plan is still available through them but it doesn’t meet the “minimum essential benefits” required by law. You will be charged a fine of $90 per adult and $45 per child each year if you keep your current plan.
Your plan has been cancelled.
Your provider has decided to terminate your plan because it doesn’t meet the “minimum essential benefits” required by law. They are informing you that if no action is taken on your part, they will automatically enroll you in a new plan that closely resembles your canceled health plan.
Your plan was “grandfathered in”.
If you purchased your health plan before March 23, 2010, you’ve been “grandfathered in” and no action is required at this time.